The Sacramento Kings were the first professional sports franchise to accept Bitcoin. From March 1, 2014 fans were able to buy gear in the team store and pay for tickets with the digital money. Apart from that around that time there were 70-100 THOUSAND (depending on the source) merchants accepting Bitcoin in USA. Plus the infamous Silk Road was generating hundreds of peer to peer transactions every day (albeit for illigal stuff).
Today half of this sub loses their mind when they hear you can buy a Tesla with Bitcoin, or a vip box for Oakland A's game, or Winklevoss twins resurface, and say ADOPTION. But numbers show that adoption wise it is actually worse than seven years ago.
So what went wrong? At one point in time IRS decided that crypto is not a currency but asset/commodity and every transaction is a taxable event. If you think it's difficult for you to keep track of your buys and sells imagine how much worse it is for a coffee shop that wants to accept crypto (I know, Bitcoin bad - high fees etc, there are alternatives now). Even if only 10 people a day pay with xlm/nano/moons for a coffee and donut, yearly it adds up to thousands of records.
So untill we see the push to change it widespread adoption is not going to happen. The real question is who is able to influence the law makers and IRS?
*I thought we have "Adoption" flair, but I couldn't find it, am I going crazy?
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